Buying property in Majorca – Tips for Buyers

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Exclusive villa with sea views in Puerto Andratx. Tips for property buyers.

 

Buying a property in Spain is very different to buying a property anywhere else in Europe. We have compiled the most important points to ensure the legal purchase of a property in Majorca in our guideline “Tips for Property Buyers”.

Please note that it is not legal advice, but purely for information purposes. Depending on the individual case, it is recommended that you consult a solicitor in Majorca before buying. Porta Mallorquina Real Estate S.L.U. has been working with reputable solicitors for many years and will be happy to give you suitable recommendations.

We at Porta Mallorquina Real Estate will assist you, as a buyer, with any questions you may have.

With the assistance of the authorities and solicitors we can, for instance, clarify the following points for our clients:

  • Are all parts of the property legal?
  • Is an extract from the land register available?
  • Is there an energy certificate and habitability certificate?
  • Is there a guaranteed water and electricity supply (documentation)?
  • Apartment purchase: Confirmation that there are no outstanding payments owed to the owner community. The minutes of the last owners meeting. Were extraordinary cost allocations decided upon?
  • Rented property: Under what circumstances can the rent contract be terminated? Does the tenant have the right of first refusal?

 

Step by step to your own house

Viewing

Your real estate consultant will help you to find the right property and will advise you on site with everything you need to know about the property. He is your first point of contact for all questions. This service is free of charge for home-buyers as the consultant is appointed and paid by the owner.

 

 

Sales documentation

Depending on the type of property it is advisable to contact further experts such as architects, tax consultants or a lawyer. Porta Mallorquina Real Estate has cooperated for years with reliable partners and we will be glad to recommend these to you.

 

Option contract

Private contract between buyer and owner with option-to-buy payment. With this the owner is bound to the sale and can only withdraw upon payment of a penalty. Should the buyer withdraw he loses his option payment.

 

Application for a NIE-number

Those who do not have residency in Spain require a foreigner’s identity number (NIE) for the purchase of a property. This can be applied for personally with the immigration authorities or outside Spain in a Spanish consulate at the applicant’s place of residence. Some lawyers also offer to carry out the application.

Powers of attorney

At the notary appointment personal appearance of both parties is obligatory. If you prefer to be represented by a third party, it is important to note that in Spain a general authorisation is not accepted and must describe exactly for what purposes the power of attorney is valid. A foreign authorisation must have an apostille and some notaries also require a sworn translation.

 

Notary contract

For a legally valid sale a notarial certificate is required, and upon issue of this the buyer receives the property and the seller the amount of the purchase price. Important: The indispensable entry in the land register must be carried out separately.

 

 

The Porta Mallorquina Real Estate Team is at your disposal if you have any further questions about the purchase of property in Majorca. You can call us seven days a week on +34 971 698 242 or send an e-mail to Email to Porta Mallorquina.
More information about Majorca and about properties in Majorca is available in our blog at Blog Porta Mallorquina

Our sales shop in Arta

1 Comment
  1. Valuable advice we’re seriously looking for a place around soller and I wouldn’t hesitate in contacting you when we’ve found our place in the sun
    Kind regards
    Gareth